- the stability: the price compared to USD is too volatile (everybody here knows that
, ) - the consensus mechanism: this is something that tends to be discarded but is as much important as the stability issue, if not even more important, at least to me.
Here, Andreas claims that bitcoin’s development is directed by a consensus in which a lot of parties can participate: developers, miners, merchants… but he is incorrect, obviously. There is no trustless decentralized mechanism that enables bitcoin to gather all opinions and make a decision about its evolution. At the end, the github account admin does what he likes to do.
This problem has been solved by Peershares and I am glad it is embedded into Nu (NuBits/NuShares).